Eos can be thought of as a decentralised operating system. It was launched nearly a year ago on 26 June 2017. Its rate of growth has far outpaced that of BTC 0.46% and ETH. It will launch on its own blockchain in five hours. There is strong resistance at 12.00. I would close the trade on a sustained breach of this level Take profit at $37.00 I estimate about 300% profit in about 60 days. This will be for medium term holders. It has been many months since I used a logarithmic scale to chart a currency. You can see that this Schiff pitchfork shows the price action very well. I will post a standard (non logarithmic chart) below
It has made a new all time high on 29 April 2018. I sold this the next day at 20.00 and bought back at 11.86. See related ideas below
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Daily Non logarithimc chart
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EOSETH
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Despite the bearish chart that I posted in BTCUSD today, I feel that the next few months look positive for EOS. The target is just under 0.04BTC at the end of August. I will look at closing the trade if EOSBTC falls below the lowest parallel line. To get a broad context I follow EOS against USd BTC and ETH. I dont think that we will see new money coming into crypto yet, so most of the EOS that will be bought will be those that hold ETH and BTC
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I have moved the fork to show the new breach ( where the blue and purple areas meet ) . This is important technical damage which means that we could easily see 6.00. There is a level of support at the Fibonacci level 6.15 Note that from the of January it lost over 8 percent of its value
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Note the move down from January to March in being copied in a fractal manner. If the pattern repeats then July might be a good time to buy
very quick trade in at 8.44 out at 9.00
based on one minute chart
a1Keith
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EOSBTC has support for uptrending slope at 0.00165
EOSETH has broken support. I will look for support again at 0.0200
EOSUSD has broken support on the Fibonacci level and on the slope. I will look for a better entry if it gets support on the lower Fibonacci levels 9.00 or even 6.00.
So I am getting ready to close this trade at a loss. We may get a bounce to 12.00
very quick trade in at 8.44 out at 9.00
based on one minute chart